While a slowdown in industrial construction during the first quarter of the year was anticipated, the reduction was less dramatic than forecasted, with cbre projecting 217 million square feet. Simply put, more office space is being removed than added, shrinking the overall office footprint, according to exclusive new data from cbre group. Cbre began cutting costs last year, targeting a $150 million reduction mainly by weeding out unproductive brokers
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The latest round will affect more lines of business.
The reduction of total u.s
